The primary factor driving the growth of the food encapsulation market is the rise in demand for functional foods which offer intended health benefits. This report estimates the market size of the food encapsulation market in terms of value. Bakery & confectionery, dairy & frozen desserts, convenience foods, functional foods, beverages, and meat, poultry & seafood are the key applications for encapsulation.

In terms of geography, the report is segmented into Asia-Pacific, Europe, North America, and Rest of the World (ROW). The food encapsulation market is broadly divided on the basis of shell materials, core phase, and technology. With the increasing penchant for product aesthetics and taste, the market is likely to witness substantial growth in the coming years.

Food encapsulation is an imperative segment of food processing as it aids in protecting and extending the
shelf life of end products. Food encapsulation can be used to deliver an optimum taste, flavor, and color, appetizing nutritive value, and offering better shelf life. Each technology type is used by deploying various application techniques subjective to characteristics intended to impart by the food ingredients and the technical feasibility. In terms of application, functional food products remain the leading market for encapsulation. The meat, seafood & poultry market is set to exhibit rapid gains, due to advances in processed meat & seafood products.

The companies enjoying significant market share are Balchem Corporation (U.S.), LycoRed Ltd. (Israel), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), International Flavors and Fragrances Inc. (U.S.), etc. Existing dominant players are leveraging their innovative capabilities and customer relations to commercialize novel products and increase adoption by key industry players. Top six players in the food encapsulation industry held a market share of around 20% signifying participation of a large number of players in this market.

The global food encapsulation shell material market value is projected to grow at a CAGR of 4.5% from 2013 to 2018. Hydrocolloids dominate the market in terms of shell material and are estimated to grow at a modest pace. Melts, as a shell material, are estimated to exhibit rapid growth in the coming years. Other composites account for very low share and are expected to grow at a meager pace in the future.

North America presently holds the maximum market share of the global food encapsulation market due to the technological advancements seen in the food & beverage industries. Asia-Pacific is set to exhibit rapid growth in the coming years due to their emerging technical expertise and increasing adoption by various food making companies. In terms of technology, Europe is estimated to grow at the fastest pace. The food encapsulation market in ROW lags much behind the Asian and the European markets due to lack of technology, education, and awareness.

FEATURED COMPANIES

The food encapsulation technology market value is estimated to reach $26,208.3 million by 2018, with a projected CAGR of 6.2% from 2013 to 2018. On the other hand, the food encapsulation shell material market is estimated to grow at a CAGR of 4.5% from 2013 to 2018 to reach $8,536.4 million by 2018.

Encapsulation is a method to entrap the core phase material into shell material. Food encapsulation technology has enabled the F&B industry to overcome challenges involving taste, color, and nutrition, and preservation of the food product, mainly through its ability to make easy coating of food particles or ingredients such as acidulants, fats, flavors, and whole ingredients such as raisins or nuts. Factors such as growing consumer preferences towards consuming convenient packaged food & beverages is helping the global industry to grow. Increasing innovations in the industry help to bring down the cost and launch new technologies with different formulations for various applications.

The global food encapsulation shell material market value was $6,853.3 million in 2013 and is projected to reach $8,536.4 million by 2018, growing at a CAGR of 4.5% from 2013 to 2018. The end-use product sectors are exhibiting buoyant growth driven by rising population and disposable incomes. The global market was dominated by the functional foods segment while the meat, poultry, and seafood segment exhibits rapid gains. Shifts in consumer's buying decisions have lead to a rise in demand for foods such as quick/ready-to-eat meals, health-promoting functional foods, fortified foods, etc.

The global market consists of various stakeholders such as raw material providers, ingredient processors, research institutes, food and beverage companies, traders, distributors, and consumers. The companies enjoying substantial market share are Balchem Corporation (U.S.), LycoRed Ltd. (Israel), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), and International Flavors and Fragrances Inc. (U.S.). The top five players accounted for a share of around 20% in the total food encapsulation market depicting the high number of competitive companies in the industry. The key players of the industry are launching innovative technologies and increasingly expanding in emerging economies to gain market share.

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